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Summary: Jones County, Mississippi; General Obligation Apr 11 Product Image

Summary: Jones County, Mississippi; General Obligation Apr 11

  • Published: April 2011
  • Standard & Poors

FEATURED COMPANIES

  • Jones Cnty
  • Mississippi Dev Bank
  • MORE

Abstract
Standard & Poor's Rating Services affirmed its 'A+' long-term and underlying rating (SPUR) on Jones County, Miss.' outstanding general obligation (GO) bonds, including those issued by Mississippi Development Bank on behalf of the county. The outlook on all bonds is negative. The rating reflects our view of the county's: Adequate financial position at the end of fiscal 2010 and significant general fund surplus budgeted for fiscal 2011; Diverse economy, based in food processing, petroleum, and manufacturing; and Low overall debt levels. Offsetting these strengths are our view of the county's Significant deterioration in financial position during the past three fiscal years; and Adequate, but below average, wealth and income levels. The bonds are secured by the county's general obligation pledge,...

Companies mentioned in this report are:
- Jones Cnty
- Mississippi Dev Bank

Action: Affirmed
Action: Outlook: Negative

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- Jones Cnty
- Mississippi Dev Bank

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